At
a meeting between the leaders of Ho Chi Minh City (HCMC) and the German
Business Association (GBA), Mr Jens Ruebbert – Chairman of GBA said that
Vietnam is an attractive destination for investment and business activities of
foreign investors, including German businesses.

Go
along with Mr. Jens Ruebbert attending this meeting, there are more than 70
German enterprises operating in various fields, wishing to expand investment
and trading activities in a number of potential areas such as automobile,
production, communication, finance, insurance…

With
advanced professional qualifications and also experiences, German enterprises
are expected to seek investment and trading opportunities, bringing practical
benefits for both sides of the business community, as
well as both countries.

Germany
is one of the major and efficient partners of Vietnam in the field of education
and training, science and technology… It is possible to mention some of their
projects that have been implementing in Vietnam as Vietnamese-German
University; Construction of Phu Lac 1 wind power plant worth 35 million Euros;
No. 2 metro line in HCMC worth 240 million Euros or the project to improve
energy efficiency in rural areas worth 120 million Euros…

According
to the leader of HCMC, the relation between Vietnam and Germany are
increasingly strengthened and is developing in various fields such as
political, economic, commerce and education…

Germany
is one of the important partners of Vietnam in the European Union. Therefore,
Vietnam in general and HCMC in particular, wish to promote cooperation in the
field of urban transport, health, education…

Until
2020, the two-way exchange trade turnover target between Vietnam and Germany
will reach 15 billion to 20 billion USD.

Therefore,
in order to create favorable conditions to help German businesses reaching and
searching for investment and trading opportunities
with Vietnam partners, the Department of Planning and Investment of HCMC has
published information on economic and social development orientation of the
city from 2016 to 2017.

Besides,
the city also introduced several measures to boost production and trading, in
order to remove difficulties for enterprises, improve the investment
environment to attract human resources at home and abroad such as enhancing trade promotion, expanding
the market by concentrating in investment sectors that are encouraged by the
city.

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